Inklaar, Robert; Jong-A-Pin, Richard; Haan, Jakob de - CESifo - 2005
This paper re-examines the relationship between trade intensity and business cycle synchronization for 21 OECD … capturing specialisation, financial integration, and similarity of economic policies. We confirm that trade intensity affects … similar impact on business cycle synchronization as trade intensity. Finally, we find that the effect of trade on business …